New ITIN Application Procedures from IRS
November 30, 2012
IRS announced final modifications to procedures and requirements aimed at strengthening the Individual Taxpayer Identification Number (ITIN) program. These new procedures will be effective January 1, 2013.
A key change is that for the first time, ITINs will expire after five years. Taxpayers still requiring an ITIN will be able to reapply at the end of the expiration period.
Under the new procedures, ITIN applications will continue to require original documentation or copies certified by the issuing agency. IRS will not accept notarized copies of documents for ITINs; however, outlets other than the IRS centralized ITIN processing site will be available to provide an alternative to mailing in passports, visas, and other original documents.
For colleges and universities, the final procedures also adopt special clarifications issued in October allowing eligible taxpayers to have their original documents certified by a Certifying Acceptance Agent (CAA) or a Student Exchange Visitors Program (SEVP)-approved institution rather than mailing originals to the IRS. Extension filers that choose not to submit original documents or copies certified by the issuing agency must apply through a CAA, while individuals studying under the SEVP will be required to apply through a university, college, or other SEVP-approved institution. For both groups, these temporary procedures cover ITIN applications for the primary applicant, their spouse, and dependents.
The IRS plans to release additional information related to the ITIN application process later this month.
Director, Tax Policy
- Recent Executive Orders Aimed at Pay Gaps and Overtime Expansion
- New GASB Concepts Address Measurement
- Behind the Costs of a College Degree
- 2014 Higher Education Accounting Forum
April 27-29, 2014
- ON-DEMAND: Understanding the Results of the 2013 NACUBO-Commonfund Study of Endowments, and a Look to 2014 and Beyond
- ON-DEMAND: How Behavioral Changes Helped Cut Energy Usage in Half
- ON-DEMAND: Developing a Market-Informed Approach to Tuition Pricing
- ON-DEMAND: Responsibility Center Management: The Process Necessary to Complete a Successful Implementation
- ON-DEMAND: OD: Responsibility Center Management: How Innovations Have Changed the Nature of RCM
- A Guide to College and University Budgeting: Foundations for Institutional Effectiveness, 4th ed. - by Larry Goldstein
- NACUBO's Guide to Unitizing Investment Pools - by Mary S. Wheeler
- Managing and Collecting Student Accounts and Loans - by David R. Glezerman and Dennis DeSantis